3246 31ST AVE S MINNEAPOLIS MN 55406

PID: 0102824140111

Property Overview

Parcel ID0102824140111

Lot Size5,412 sq ft (0.124 ac)

Lot Dimensions (est.)129 ft wide × 42 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerLESLIE A THOMPSON REV TRUST

Assessed Value$318,100

Land Value$111,000

Building Value$207,100

Annual Tax$4,673

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

10 permits on record since 2020 · $42K total declared value · Most recent: Apr 2024 (res)

ResApr 2024Closed

Ray N Welter Heating Co

MiscOct 2023Closed

$8K

Four Point Construction LLC

ResDec 2022Closed

Warners Stellian Co Inc

RemodelSep 2022Closed

$10K

PLEKKENPOL BUILDERS INC

ResAug 2022Closed

Welter and Blaylock Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Longfellow · Minneapolis

Median reported rent1,037/mo

Renter-occupied58.5%

Median home value$302K

Vacancy rate13.8%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1088

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth89 ft

Area~2,843 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,843 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3244 31ST AVE S MINNEAPOLIS MN 55406	D & D BRADLEY	RESIDENTIAL	$355,500	42 ft
3252 31ST AVE S MINNEAPOLIS MN 55406	KAREN M HARTMAN	RESIDENTIAL	$306,300	42 ft
3240 31ST AVE S MINNEAPOLIS MN 55406	E NIEMER & E NEUBERT	RESIDENTIAL	$348,700	84 ft
3236 31ST AVE S MINNEAPOLIS MN 55406	ROBIN BROMS & GARRETT BROMS	RESIDENTIAL	$254,600	126 ft
3255 30TH AVE S MINNEAPOLIS MN 55406	VANDERBURGH PRESB CHURCH	COMMERCIAL-PREFERRED	$0	143 ft
3245 30TH AVE S MINNEAPOLIS MN 55406	KAYLA A MANOS ET AL	RESIDENTIAL	$262,600	147 ft
3300 31ST AVE S MINNEAPOLIS MN 55406	MARY M PATTERSON	RESIDENTIAL	$319,500	150 ft
3241 30TH AVE S MINNEAPOLIS MN 55406	D H HALVORSON & D M CHARLAND	RESIDENTIAL	$296,400	164 ft
3232 31ST AVE S MINNEAPOLIS MN 55406	V X GONZALES, K L P GONZALES	RESIDENTIAL	$372,200	168 ft
3237 30TH AVE S MINNEAPOLIS MN 55406	DEBRA S STOMBERG	RESIDENTIAL	$253,000	189 ft

Property History

Most Recent Sale

Date199103

Price$72,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,673